Epoch Investment Partners Inc. Has $90.53 Million Stock Holdings in Manhattan Associates, Inc. $MANH

Epoch Investment Partners Inc. boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 70.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 522,382 shares of the software maker’s stock after purchasing an additional 215,574 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Manhattan Associates were worth $90,534,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new position in shares of Manhattan Associates during the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 112 shares during the last quarter. BNP Paribas acquired a new position in shares of Manhattan Associates during the fourth quarter valued at about $39,000. TD Private Client Wealth LLC grew its holdings in shares of Manhattan Associates by 83.8% during the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after buying an additional 109 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Manhattan Associates during the fourth quarter valued at about $44,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

MANH opened at $142.92 on Friday. The company’s 50-day moving average is $138.40 and its 200 day moving average is $150.99. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $247.22. The firm has a market capitalization of $8.46 billion, a P/E ratio of 40.03 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. During the same period last year, the firm earned $1.19 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, equities research analysts expect that Manhattan Associates, Inc. will post 3.68 earnings per share for the current year.

Manhattan Associates declared that its board has authorized a share repurchase plan on Thursday, March 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 7,300 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the transaction, the executive vice president directly owned 60,815 shares of the company’s stock, valued at $8,468,488.75. This trade represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric Andrew Clark sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the transaction, the chief executive officer directly owned 92,638 shares in the company, valued at $13,596,479.26. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MANH has been the subject of a number of analyst reports. Rothschild & Co Redburn set a $145.00 price objective on shares of Manhattan Associates in a report on Thursday, April 16th. Barclays reduced their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Weiss Ratings cut shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Finally, Robert W. Baird lifted their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.45.

About Manhattan Associates

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.